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Paychex
PAYX

1,506 hedge funds and large institutions have $32B invested in Paychex in 2023 Q4 according to their latest regulatory filings, with 168 funds opening new positions, 511 increasing their positions, 576 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 84

55% more call options, than puts

Call options by funds: $249M | Put options by funds: $160M

6% more capital invested

Capital invested by funds: $30.1B → $32B (+$1.88B)

4% more funds holding

Funds holding: 1,442 → 1,506 (+64)

2.35% more ownership

Funds ownership: 72.32% → 74.66% (+2.3%)

11% less repeat investments, than reductions

Existing positions increased: 511 | Existing positions reduced: 576

20% less funds holding in top 10

Funds holding in top 10: 20 → 16 (-4)

Holders
1,506
Holders Change
+64
Holders Change %
+4.44%
% of All Funds
21.96%
Holding in Top 10
16
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-20%
% of All Funds
0.23%
New
168
Increased
511
Reduced
576
Closed
84
Calls
$249M
Puts
$160M
Net Calls
+$88.2M
Net Calls Change
-$36.2M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$495M
2
Capital International Investors
Capital International Investors
California
+$181M
3
Capital World Investors
Capital World Investors
California
+$115M
4
Holocene Advisors
Holocene Advisors
New York
+$109M
5
BlackRock
BlackRock
New York
+$104M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$110M
2
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$98.1M
3
Millennium Management
Millennium Management
New York
-$67.8M
4
Two Sigma Investments
Two Sigma Investments
New York
-$55.7M
5
CS
Credit Suisse
Switzerland
-$46.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
FWM
1476
FSA Wealth Management
Massachusetts
$4K +$3.67K +31 New
MCM
1477
Manchester Capital Management
Vermont
$3.93K +$3.44K +29 +725%
DWA
1478
Delos Wealth Advisors
Texas
$3.69K – – –
CCM
1479
Copeland Capital Management
Pennsylvania
$3.45K – – –
TC
1480
Truvestments Capital
Florida
$3.45K – – –
CPG
1481
Cornerstone Planning Group
New Jersey
$3.22K – – –
IHWM
1482
Iron Horse Wealth Management
Iowa
$3.1K – – –
SC
1483
Stephens Consulting
Michigan
$3.1K – – –
SSG
1484
Summit Securities Group
New York
$3K -$1.3K -11 -28%
AP
1485
Aspect Partners
Virginia
$2.98K +$2.96K +25 New
DPW
1486
DiNuzzo Private Wealth
Pennsylvania
$2.98K +$2.96K +25 New
PWMG
1487
Private Wealth Management Group
New Jersey
$2.98K +$2.96K +25 New
AFS
1488
Annapolis Financial Services
Maryland
$2.86K – – –
DF
1489
Dunhill Financial
United Kingdom
$2.75K +$2.73K +23 New
FRA
1490
Frank Rimerman Advisors
California
$2.74K +$2.73K +23 New
CP
1491
Castleview Partners
Texas
$2.62K – – –
LAM
1492
Lummis Asset Management
Texas
$2.62K +$2.61K +22 New
TCA
1493
Trifecta Capital Advisors
Illinois
$2.26K – – –
TVAMP
1494
Tennessee Valley Asset Management Partners
Tennessee
$2.02K +$2.01K +17 New
VNIM
1495
Vaughan Nelson Investment Management
Texas
$2K +$1.54K +13 New
VF
1496
VitalStone Financial
Texas
$2K +$2.37K +20 New
CTB
1497
Country Trust Bank
Illinois
$1.91K – – –
CAM
1498
ClariVest Asset Management
California
$1.79K -$7.7K -65 -81%
W
1499
WealthCollab
Washington
$1.55K +$1.54K +13 New
HWP
1500
Highline Wealth Partners
California
$1.31K – – –
58 59
60
61 62

PAYX Hedge Fund Activity: Q4 2023 in Review

1,506 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q4 2023, worth a combined $32B — up 6.2% from $30.1B a quarter earlier.

Buyers outnumbered sellers: 168 funds opened new PAYX positions and 84 closed out — a net gain of 84 holders — while 511 added to existing stakes and 576 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $495M. The largest seller was Bank of America, cutting an estimated $110M.

  • 1,506 institutional investors held Paychex (PAYX) as of Q4 2023, up from 1,442 in Q3 2023.
  • Funds reported $32B of Paychex stock for Q4 2023, up 6.2% quarter-over-quarter.
  • 168 funds opened new Paychex positions in Q4 2023 and 84 closed out, a net change of +84 holders.
  • The largest Paychex buyer in Q4 2023 was Morgan Stanley, an estimated $495M added.
  • The largest Paychex seller in Q4 2023 was Bank of America, an estimated $110M sold.

Based on aggregated 13F filings for Q4 2023.